Statute of Limitations for UCC / Sale of Goods in Mississippi

How the limitation period applies

The controlling primary authority for US-MS ucc sale of goods SOL (75-2-725) is 75-2-725.

75-2-725. co-payee, which was not a “customer” of bank within meaning of UCC §§ 4-104 and 4-406, was not equitably estopped by policy of commercial reasonableness under UCC §§ 1-102 and 1-203, notwithstanding that co-payee waited 10 months after it learned of forgery to inform bank, where (1) check, which was issued to co-payee “and” other payee, was properly payable under UCC § 3-116 only if it contained endorsement of both payees; (2) unauthorized endorsement was, in absence of ratification under UCC § 3-404, no endorsement under UCC §§ 3-202 and 3-404; (3) co-payee did not ratify unauthorized endorsement; and (4) bank’s failure to ascertain whether co-payee’s signature was authorized was not in acc

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Sources

• 75-2-725 — 75-2-725

All sources are official primary law published by unicourt.github.io.

Corroboration method: government_primary_source_direct_fetch.